module 15 lesson 4

Question 1

an economic thinker that wrote about a radical form of socialism

Answer 1

Karl Marx

Question 2

promoted the theory of capitalism

Answer 2

adam smith

Question 3

promoted the theory of socialism

Answer 3

saint-simon

Question 4

promoted the theory of utilitarianism

Answer 4

bentham

Question 5

promoted the theory of utopianism

Answer 5

robert owen

Question 6

supporters say that good government creates policies that benefit the greatest number of people

Answer 6

ultilitarianism

Question 7

states that society has no social distinctions

Answer 7

communism

Question 8

states that laws should be ignored and that governments should be eliminated

Answer 8

anarchism

Question 9

states that laws should protect the rights of workers

Answer 9

socialism

Question 10

states that competition determines the price of a product

Answer 10

capitalism

Question 11

states that the government should own the means of production

Answer 11

socialism

Question 12

states that businesses should not be regulated by the government

Answer 12

capitalism

Question 13

states that wealth should be distributed equally among all citizens

Answer 13

communism

Question 14

states that businesses are privately owned by individuals

Answer 14

capitalism

Question 15

what were adam smiths three natural laws of economics?

Answer 15

1) law of self-interest
2) law of competition
3) law of supply and demand

Question 16

What did Malthus and Ricardo say about the effects of population

Answer 16

Malthus said population growth could lead to starvation, low wages

Question 17

economic theory that argues that governments should not interfere with business affairs

Answer 17

laissez faire

Question 18

philospher who defended laissez-faire economics

Answer 18

Karl MArx

Question 19

economic syestem in which people invest money to make a profit

Answer 19

capitalism

Question 20

belief that an idea is only as good as it is useful

Answer 20

utilitarianism

Question 21

belief that businesses should be owned by society as a whole

Answer 21

socialism

Question 22

economic thinker who wrote about a radical form of socialism

Answer 22

Karl marx

Question 23

form of socialism in which all production is owned by the people

Answer 23

communisim

Question 24

belief that people should be able to develop freely without government interference

Answer 24

anarchisim

Question 25

organized groups of workers that bargain with business owners to get better pay and working conditions

Answer 25

union

Question 26

organized refusal to work

Answer 26

strike